(The following information applies to the questions displayed below.) The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year Cash Debat Credit Balance, December 31, pr for year $ 473,300 Receipts from customers 20,825,200 Payments for inventory $ 5.518,678 Receipts from dividenda 7,288,820 Payments for wigs 1.715,91 Receipts from land sale 7.705,324 Payments for rent 1,103,736 Receipts from machinery ante 2,457,374 Payments for interest 749,707 Receipts from sing stock 5,352,076 Paynents for taxes 1.561, 890 Receipts from borrowing 9,017,312 Payments for machinery 2.767.100 Payment for stock investments 7.851.100 Payments for long-term notes payable 1.332.13 Payments for dividende 1,720,92 Payments for transtock 749107 Balance, December 11, current year Exercise 16-22B (Algo) Part 1 Statement of Cash Flows For Year Ended December 31 Cash flows from operating activities Cash pald for dividends Cash paid for interest Cash paid for inventory Cash paid for long-term notes payable Cash flows from investing activities Cash flows from financing activities Required information Exercise 16-22B (Algo) Direct: Preparing statement of cash flows from Cash T-account LO P1, P3, P5 [The following information applies to the questions displayed below.) The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year. Debit Balance, December 31, prior year Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from insuing stock Receipts from borrowing Cash Credit $ 473,300 20,825,200 Payments for inventory 7,288,820 Payments for wages 7, 705,324 Payments for rent 2,457,374 Payments for interest 5,352,076 Payments for taxes 9,017,312 Payments for machinery Payments for stock investments Payments for long-tern notes payable Payments for dividends Payments for treasury stock $ 5,518,678 1.915,918 1,103,736 749,707 1,561,890 7, 767,800 7.051, 100 1,332,813 1,728,492 749,707 Balance, Deceber 31, current year $ Exercise 16-22B (Algo) Part 1 (1) Prepare a complete statement of cash flows for the current year using the direct method. (Amounts to be deducted should be Indicated with a minus sign.) THOMAS CORPORATION Statement of Cash Flows For Year Ended December 31 Cash flows from operating activities Cash paid for dividends Cash paid for interest Cash paid for inventory Cash paid for long-term notes payable 0 Cash flows from investing activities 0 Cash flows from financing activities
